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Bought with Ashkan Hosseinipoul • United Real Estate Premier
$ 260,000
$ 299,000 13.0%
407-409 MCDOWELL AVE Hagerstown, MD 21740
2,588 SqFt
UPDATED:
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,588 sqft
Price per Sqft $100
MLS Listing ID MDWA2033930
Sold Date 06/29/26
Style Other
Abv Grd Liv Area 2,588
Year Built 1910
Annual Tax Amount $2,373
Tax Year 2014
Lot Size 7,169 Sqft
Acres 0.16
Property Sub-Type Detached
Source BRIGHT
Property Description
This well-maintained duplex presents a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units plus a separately rented garage, creating diversified income from a single location.
The unit at 407 McDowell Street is currently rented for $1,275 per month. In addition, the detached garage at 407 McDowell is rented separately for $55 per month on a month-to-month basis, with the garage tenant in place since 2018.
The unit at 409 McDowell Street is currently rented for $1,200 per month, also on a month-to-month basis, with the original lease signed in 2019. Both residential units have long-term tenants, reflecting stable occupancy and consistent rental performance.
Current rents are below today's market levels, creating a value-add opportunity for a new owner to gradually increase rents over time while maintaining tenant stability. This makes the property well suited for an investor seeking immediate cash flow with the ability to improve returns through measured rent adjustments.
Overall, this duplex is an attractive option for an owner-investor or long-term holder looking to acquire a manageable asset with a proven income history and upside potential.
Location
State MD
County Washington
Zoning RMED
Rooms
Basement Outside Entrance, Connecting Stairway, Full, Unfinished
Interior
Interior Features Kitchen - Table Space
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 2588
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Middle Schools Western Heights
High Schools South Hagerstown Sr
School District Washington County Public Schools
Others
Tax ID 2225005457
Ownership Fee Simple
SqFt Source 2588
Special Listing Condition Standard
